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May 07, 2025

Daily Morning Report Date: 07.05.2025
NIFTY OUTLOOK: 24379.60 FII: 3794.52 cr DII: -1397.68 cr
As discussed yesterday, market behaviour remained on expected lines as profit booking dragged Nifty down to 24332.
A small bearish candle on the daily chart suggests that a decisive breakdown below 24310 could lead to further decline towards 24240–24170. If selling intensifies, it may test 24100.
On the upside, Nifty may face resistance at 24450–24521. A breakout and sustain above this zone could push it further towards 24589–24657.
Bank Nifty OUTLOOK:
SPOT: 54271.40 PCR: 0.82 Max CE OI: 63000 Max PE OI: 53500
On 6th May 2025, Bank Nifty closed at 54271.40, down 1.18% from the previous day. The index moved 864 points intraday, with a high of 55036.95 and a low of 54172.95.
Yesterday’s high of 55036.95 and low of 54172.95 may act as resistance and support, respectively, for today’s session.
Technical View on Daily Chart:
Key technical levels for Bank Nifty are 54700 as resistance and 53700 as support. A breakout above 54700 may lead the index to 55300, while a breach below 53700 could take it down to 53200.
The Relative Strength Index (RSI) stands at 58.70; levels below 30 are considered oversold and above 70 overbought.
Bank Nifty Day SMA Analysis
Bank Nifty is trading above 6 out of 8 SMAs (20, 30, 50, 100, 150, and 200-day) and below 2 SMAs (5 and 10-day). No candlestick pattern was identified.
Macros
1. Dollar index @ 99.05
2. Vix @ 24.44
3. Brent crude @ 62.08
4.10 years bond yield @ 4.309
Note:
US markets witnessed some profit booking ahead of the upcoming Fed meeting. The two-day meeting begins Tuesday, with the central bank expected to hold interest rates steady on Wednesday.
Fed Chair Jerome Powell recently indicated a wait-and-watch approach amid tariff concerns, despite pressure from President Trump and Treasury Secretary Scott Bessent to cut rates.
Tariff talks between the US and China appear to be progressing slowly. President Trump said China is keen on a deal but gave no urgency, adding talks would happen at the "right time."
Gold and silver rallied as the Fed policy review began and trade negotiations remained sluggish.
Conclusion: Investors remain cautious due to lack of urgency in trade talks and await clarity on the Fed's policy direction.
Contributed by
Ashok bhandari : INH000019549
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UBS ON CG POWER
Maintains 'Buy' With Target Price Of ₹930
Industrial Margin Weakness Persists In Q4
Capex & Power Business On Track
Gain Market Share In Motors Despite Weak Industry Growth; Profitability Has Been A Challenge
Management Expects A Strong Global Demand Cycle For Power Systems Over Next 4-5 Years
@beatthestreet10
HSBC ON AVENUE SUPERMARTS
Downgrades To 'Reduce' From 'Hold'; Cuts Target Price To ₹3,500 From ₹4,500
7% Miss On Consensus EBITDA In Q4 As Competition Dents EBITDA Margin
Expect Overall Gross Margins In The Mature Metro Towns To Remain Soft For A Certain Period
@beatthestreet10
JEFFERIES ON POLYCAB
Maintains 'Buy'; Hikes Target Price To ₹7,050 From ₹6,485
Market Share Gains Continued, With Organised Share Now At 26-27%
See No Financial Impact From New Entrants Over FY25-27
@beatthestreet10
INDIA
14TH Straight Day Of Buying in FII
Completes UK-FTA Deal
Completes Operation Sindoor Against Pakistan
MHA ordered nation-wide mock drills to begin-4pm
@beatthestreet10
JEFFERIES ON KAJARIA CERAMICS
Maintains 'Buy'; Cuts Target Price To ₹1,120 From ₹1,420
Plywood Business Closure Drags Financials
Q4 Was A Muted Quarter In Bathware & Saw Losses In The UK Operation
Cut EPS & Target PE To 30x From 35x
Now Estimate Over 9% YoY Volumes In FY26 Vs Double-Digit Earlier
@beatthestreet10
Bharat roared. Enemies trembled.
In the dead of night, 9 terror dens in Pakistan & PoK were turned to dust.
A message written in fire: Don’t mess with India.
Target Eliminated:
1. Muzaffarabad (×2)
2. Bahawalpur
3. Kotli
4. Chak Amru
5. Gulpur
6. Bhimber
7. Muridke
8. Near Sialkot
INDIA HAS LEADS, INPUTS, TESTIMONY OF SURVIVORS, POINTING TO CLEAR "INVOLVEMENT OF PAKISTAN-BASED TERRORISTS IN ATTACK" - INDIAN EMBASSY TO REUTERS
@beatthestreet10
12 "TERRORISTS" KILLED, 55 INJURED IN INDIAN STRIKE ON PAKISTAN TERROR HUBS - CNN NEWS-18
@beatthestreet10
MORGAN STANLEY ON GODREJ CONSUMER
Maintains 'Overweight' With Target Price Of ₹1,431
Q4 Saw Improving Volumes; Gross Margin Takes A Hit But EBITDA Beats
Market Demand Conditions Remained Similar Sequentially
India Volume Growth Improved Sequentially
Home Insecticides Volumes Grew By Double Digits, Aided By A Good Season
Volume Growth In Non-Soap Portfolio Grew By A High Single Digit
@beatthestreet10
KOTAK ON BANK OF BARODA
Maintains 'Add' With Target Price Of ₹255
Return Ratios Flat QoQ As Lower NIM Was Offset By Higher Non-Interest Income
Long Wait For Stronger Numbers, But Valuations Capture This Risk
@beatthestreet10
GS on Paytm
Raise our 12m target price for Paytm to Rs705 (from Rs480)
Now expect Paytm to be EPS positive by June '25 (vs. FY27E earlier)
Fundamentals improving though still a few moving parts
Lower our FY26E-FY28E revenue estimates by 1-5% but raise our adjusted EBITDA estimates by 3-14%, with outer year EBITDA estimates higher by up to 25%
@beatthestreet10
Navin Fluorine ; Co announces Strategic Partnership with Chemours and its foray into High Growth Advanced Materials
Under the agreement, Navin Fluorine will establish manufacturing facility at Surat, Gujarat, at an estimated capex of $14MN, including $5MN of contribution by Chemours.
The project is expected to be operational during 1QFY27 (April 2026 to June 2026).
@beatthestreet10
CLSA ON MGL
4QFY25 headline PAT was a small 6% miss of our estimate, even as the company recorded a one-off gain during the quarter
Excluding the gain, core performance was a bigger miss due to unit Ebitda coming in notably below our forecast at Rs8.3/scm
OPF,tgt 1710
@beatthestreet10
US President Donald Trump called the situation "a shame" and urged India and Pakistan to de-escalate tensions, saying, "Nobody wants to see two powerful nations going down that road."
@beatthestreet10
Pak says 6 places struck, 8 people killed; PM Sharif calls it 'act of war'
@beatthestreet10
Operation Sindoor: Over 80 terrorists killed in India's strikes on Pakistan, PoK terror camps - India Today
@beatthestreet10
Welspun Corp ; Welspun Corp bags additional orders of ₹1,950 cr since last announcement on Feb 5.
Consolidated global order book stands at ₹19,300 cr
@beatthestreet10
GOKALDAS EXPORTS, MD Says We will have a 12% advantage to China after the UK FTA - CNBCTV 18
See UK FTA as an incremental $1 bn opportunity for apparel players in India
In terms of apparel tariffs, India now at par with Bangladesh, 12% advantage over China
China apparel exports to UK is $5 billion & India's exports to UK at $1.5 billion
Clients are holding back the order placement due to tariff uncertainty for the 90-day period
@beatthestreet10
CCS MEET AT 11 AM TODAY, PM MODI TO CHAIR THE MEET
@beatthestreet10
Defence Ministry to hold a briefing at 10 AM on Operation Sindoor
@beatthestreet10

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